RAK Rakon

[Mel]

Good question Ronaldson. I dont know the answer. But what i do know is whenever there is a takeover offer on the table i sell into the market straight away if its close enough to the offer price. All it would take is for one offer to fall through and it would probably wipe out gains you would hope to get waiting for that extra 5% or 10% on a lifetime of takeovers.


Aka Eroad.. and maybe Rakon?

How long does it take!! I agree, if the NBIO lands in any way, shape or form, the time it's taken to reach an outcome is another reason to exit the management and the stock.

[moimoi]

There is a business desk article, published in the NZHerald March 18th, entitled "MHM Takeover hailed as win win for all" which references a "takeover offer @ $1.70 received when the MHM shares were trading @ $0.91."

The MHM Chairman, Trevour Burt, is reported as "offering" the following advice for companies weighing up a takeover.

""The key is to communicate if you get an offer, the market gets antsy with you and shareholders get antsy with you if you're not regularly updating them. The challenge with that is yes, you have obligations around disclosure, you've got obligations around confidentiality, et cetera. But thats the art in it.?

RAK appears unable or unwilling to provide any meaningful update 3 months after the alleged "offer".

GLTA

[nztx]

There is a business desk article, published in the NZHerald March 18th, entitled "MHM Takeover hailed as win win for all" which references a "takeover offer @ $1.70 received when the MHM shares were trading @ $0.91."

The MHM Chairman, Trevour Burt, is reported as "offering" the following advice for companies weighing up a takeover.

""The key is to communicate if you get an offer, the market gets antsy with you and shareholders get antsy with you if you're not regularly updating them. The challenge with that is yes, you have obligations around disclosure, you've got obligations around confidentiality, et cetera. But thats the art in it.?

RAK appears unable or unwilling to provide any meaningful update 3 months after the alleged "offer".

GLTA

Hey come on now .. when faced with being made unemployed if they jump one way ,, what's the quietest way
of not telling anyone, staying employed in a huddle, but thumbing noses quietly at a potential suitor ?

It's called looking after shareholder interests .. probably just the ones around the large round table upstairs


And no news of progress reaches the table on the next level, so nothing to keep the great unwashed small
holders outside imformed about ..

[ronaldson]

And still we wait.

On-market pricing rallied briefly to $1.22 a few days ago, but now dying in a hole again.

[SPC]

Family won't want to sell probably.

[Wai Wai]

From 18/12 update

The board has also received communications from significant shareholders indicating their support for the board to progress the Proposal.

[nztx]

From 18/12 update

The board has also received communications from significant shareholders indicating their support for the board to progress the Proposal.

a mere three months & a couple of weeks holiday later .. and a big fat zero coming from within

Hope their responses to operating the business in changing times is a tad better


One way of telling all the competitors & possible suitors how good the corporate response & business is likely to be ..

[TJ1]

Incredible that no further information to market now. Talk about lack of faith in board and key stakeholders

[Greekwatchdog]

Incredible that no further information to market now. Talk about lack of faith in board and key stakeholders

No surprise there to me. Robinsons only care about themselves

[xafalcon]

No surprise there to me. Robinsons only care about themselves

Nailed it. This hasn't changed in the 15 years I have watched Rakon. robinson interests come first, second, third, forth and so on, right trough to ninety ninth. Shareholdrrs are seen as nothing more than enablers of this philosophy